Concluding market structure before new ATH. Based on historical accumulation structures commenced in May and I now forecast it to conclude at end of the year.
Neutral to Long: I'd expect this to form above or below the major downward trend line
- Possible final push up in coming days. Unclear if this is viable but expecting the structure to form at final high - green
- Consolidation through to end of year. Longtail ALTs may suffer over initial period.
- December/Jan break of local downward trend / descending wedge
Still just an Idea. Best, Hard Forky
Expecting resistance
Neutral to Long: I'd expect this to form above or below the major downward trend line
- Possible final push up in coming days. Unclear if this is viable but expecting the structure to form at final high - green
- Consolidation through to end of year. Longtail ALTs may suffer over initial period.
- December/Jan break of local downward trend / descending wedge
Still just an Idea. Best, Hard Forky
Expecting resistance
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.